N. American lumber prices climb 26% in October despite housing market slowdown
North American lumber prices have rallied 26% so far in October, but further gains may be limited as the housing market slows down. The average 30-year fixed mortgage rate hit 7% in amid the Fed's ongoing rate hike policy. "At 7% interest rates, I wouldn't expect lumber to do much for a while," MaterialsXChange's Ashley Boeckholt said. N. American lumber prices have staged an impressive rally so far in October, rallying 26% even as the housing market shows further signs of cooling down. In tandem with the Federal Reserve ...
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